Tuesday , August 9 2022
Home / Mike Norman Economics / Joseph Schumpeter and the Economics of Imperialism — John E. King

Joseph Schumpeter and the Economics of Imperialism — John E. King

Summary:
The Austrian economist Joseph Schumpeter believed that the triumph of socialism was inevitable, but he rejected the Marxist view of how capitalism works. His ideas are a stimulating challenge for those seeking an alternative to capitalism today....Schumpeter was Austrian by birth and associated with members of what became the Austrian School as a student of Eugen von Böhm-Bawerk at the University of Vienna, but he did not identify himself with any school of economics and considered himself independent. Incidentally, Hyman Minsky was a student of Schumpeter and Randy Wray was a student of Minsky, so there is a link between the development of MMT and Schumpeter.JacobinJoseph Schumpeter and the Economics of ImperialismJohn E. King | professor emeritus at La Trobe University,

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Dumb and Dumber — the Chicago economics version

John Quiggin writes Monday Message Board

Peter Radford writes Machine age musings on algorithmic growth theory

Mike Norman writes Russian Ops in Ukraine (August 8, 2022) – Ukraine’s Missing Tanks, Delayed Offensive— The New Atlas — Brian Berletic (video 19:03)

The Austrian economist Joseph Schumpeter believed that the triumph of socialism was inevitable, but he rejected the Marxist view of how capitalism works. His ideas are a stimulating challenge for those seeking an alternative to capitalism today....
Schumpeter was Austrian by birth and associated with members of what became the Austrian School as a student of Eugen von Böhm-Bawerk at the University of Vienna, but he did not identify himself with any school of economics and considered himself independent. Incidentally, Hyman Minsky was a student of Schumpeter and Randy Wray was a student of Minsky, so there is a link between the development of MMT and Schumpeter.

Jacobin
Joseph Schumpeter and the Economics of Imperialism

John E. King | professor emeritus at La Trobe University, Australia
https://jacobinmag.com/2022/01/joseph-schumpeter-economics-imperialism-marxism

For background on imperialism as policy, see also

It's short and a quick read. This is important to be aware of in light of the condition of the world system at this moment of the historical dialectic that is now unfolding precariously. Economics plays a key role in it, but economics alone does not provide a comprehensive account of imperialism as a historical phenomenon.

Theories of Imperialism
Vincent Ferraro | Ruth C. Lawson Professor of International Politics, Mount Holyoke College
https://www.mtholyoke.edu/acad/intrel/pol116/imperial.htm
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *